The World Bank Board of Executive Directors approved a USD 1.5 billion loan to Mexico aimed to develop public policies to support the stimulus of the economy while strengthening the framework for long-term sustainable growth. In order to achieve this, regulatory, monitoring and financial frameworks will be developed for low greenhouse emissions evolution of the urban transport and energy sectors, key to generate a low carbon growth model. "Besides having ratified the United Nation's Framework Convention on Climate Change and the Kyoto Protocol, our country is one of the first developing countries to commit to a specific reduction of emissions through the use of clean and efficient energies," said Juan Rafael Elvira Quezada, Mexico's Secretary of Environment and Natural Resources. (World Bank)

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